1 Westinghouse PlzBoston, MA 02136

  • Office properties
  • 38,777 SF

Property Details for 1 Westinghouse Plz

Year built
2010
Lot size
0.89 AC
Property size (Sq ft)
38,777 SF
Zone code
C
Property type
Office properties
APN
HYDE W:18 P:12152 S:026
APU
HYDEW18P12152S026

Description

This exceptional 42,000 square foot warehouse building, located at 1 Westinghouse Plaza in Boston, Massachusetts, presents a significant opportunity for industrial tenants seeking immediate occupancy. The entire building, encompassing a single, contiguous space, is currently vacant and ready for immediate lease. Situated in Suffolk County, zip code 02136, this property is zoned for industrial use, specifically within the Greenbelt Protection Overlay District. The building's classification is industrial warehouse, with multiple tenancy options available. The property offers a total of 42,000 square feet of usable space, providing ample room for storage, manufacturing, or distribution operations. Its strategic location in Boston offers excellent access to major transportation arteries, facilitating efficient logistics and distribution. Prospective tenants will appreciate the immediate availability and the substantial size of this warehouse, making it ideal for businesses requiring significant space. The property is ready for immediate occupancy, allowing for a swift and seamless transition for new tenants. Further details regarding lease terms and conditions are available upon request. Inquiries are encouraged to explore this prime industrial real estate opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,614,654
    6.5%
    $7,028,912
    7%
    $6,526,846
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,066,603
    Geo Method
    $5,066,603
  • Alternative Use

    Use
    Valuation
    Residential
    $8,715,850
    Hospitality
    $7,983,672
    Educational
    $6,642,321
    Medical
    $6,870,761
    Retail
    $10,332,500

Location Insight

City
Hyde Park
County
Suffolk
State
Massachusetts
Latitude
42.2458
Longitude
-71.1316
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$46,770
-
$1,850,800
$1,850,800
-
-
-
-

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